WealthManagement Edge

Executives say the funding will fuel the next stage of growth for PCIA, which has already expanded assets by some 700% since early 2018.

The Texas-based firm doubles Captrust’s tax division while strengthening ultra-high-net-worth and family office services.

Advisors now have the ability to customize the firm’s model portfolios to reflect their or their clients’ personal preferences.

SMArtY is meant to appeal to advisors who want to use models yet do not have access to sophisticated SMArtX UMA technology.

Yet, average assets per deal is on track to hit the second-highest level ever recorded by Echelon.

The departing executive spoke about his reasons behind the move; the search for a replacement; the highs and lows of his tenure; what’s next for him, Orion and the industry at large; and more.

Mercer Global Advisors picked up two more firms with more than half a billion in combined assets, while Robertson Stephens, WEG, NewEdge Wealth, Hub International, Kestra, and RFG all announced new additions this week.